Business Services Industry

Corporate Profile for Chela Financial, dated June 27, 1997

Business Wire, June 27, 1997

--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-

Published Date:   June 27, 1997

Company Name:     Chela Financial

Address:          388 Market St., 12th Floor
                  San Francisco, CA 94111

Main Telephone
 Number:          415/283-2800

Internet Home
 Page Address
  (URL):          www.chelafin.com

Chief Operating
 Officer:         Carol Coffman

Chief Financial
 Officer:         Stuart Chuharski

Investor Relations
 Contact:         Mario Petrocco
 Business number: 415/283-2824

Public Relations
 Contact:         Jennifer Reihm
 Business number: 415/283-2837
 Home number:     415/929-7427

Industry:         Education Finance

-0-

Company description: Chela Financial, a San Francisco-based nonprofit corporation with over $1.3 billion in assets, was created specifically to offer financial access and assistance to students pursuing a higher education. Since its first bond financing in 1984, Chela Financial has made nearly $2 billion available to parents and student borrowers and has provided financing for over 449,000 students.

As a student loan secondary market, the company acquired student loan portfolios from originating lenders in the Federal Family Education Loan Program (FFELP), thus providing liquidity for these lenders to offer additional student loans. Chela FInancial offers a wide variety of education loan services including on-campus loan management counseling to students, student scholarships ($350,000 by the end of 1997), community outreach programs, weekly updates on national education finance issues, and active participation in regional and national education assistance organizations.

Chela Financial also partners with lenders to offer alternative sources of education financing. Chela Financial is a family of three affiliate companies: Chela Financial Inc. was incorporated in 1979; Chela FInancial Resources Inc. and Chela Financial USA Inc. were incorporated in 1994.

CONTACT: Chela Financial

COPYRIGHT 1997 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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